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John Quiggin, Professor, School of Economics, The University of Queensland

As the billionaires gather at Davos, it's worth examining what's become of their dreams

Gathering for their annual World Economic Forum at Davos in Switzerland this week, the world’s business and political elite will be digesting some unpleasant reading courtesy of the aid agency Oxfam International.

Oxfam’s annual report on global inequality released this morning shows the wealth of the world’s five richest billionaires has more than doubled since the start of the decade, while 60% of humanity has grown poorer.

Among the findings of the report entitled Inequality Inc are that

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